Gazprom Warned of the Critical Vulnerability of the European Gas Market
4 Articles
4 Articles
High prices and slow filling of storage facilities pose serious risks to the sustained supply of gas to European consumers in the coming winter, declared in Gazprom. The European gas market is now particularly sensitive to rising demand, supply disruptions and competition with Asia, transmitting the Interfax. "High gas prices and the backlog of underground storage increase the risks to the reliable gas supply to European consumers during the col…
Europe's market is now particularly vulnerable to any increase in demand, import interruptions and competition with Asia, notes Gazprom in the commentary on the current situation in the EU gas market.
The price of gas on the European market is even 150 percent higher than at the beginning of the year. Serbia has filled the warehouse, Banatski dvor has leased gas reserves in Hungary. However, he worries that in the midst of preparations for the winter, stocks in European warehouses are at around 67 percent, because the summer price reduction that many countries were waiting for was missing. Gligo Vuković, program manager at the EU Mission in S…
As the heating season approaches, the potential for gas recovery in Europe's underground storage facilities is rapidly declining, making the market particularly vulnerable, as warned by Gazprom.
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